The price of tin on the London Metal Exchange (LME) has had little movement since the beginning of May, only moving between US$23,000 and US$23,500 per tonne. A recent article by Reuters reporter Andy Home looks into why the London tin market has been quiet and what people are predicting moving forward.
Andy’s article draws commentary from Leon Westgate at Standard Bank London as well as Steven Briggs at BNP Paribas to gauge why the market is behaving as it is and what these two analysts are predicting for the future.
He goes on to talk about the current stock level on the LME which rose by 1,190 tonnes over the last two weeks of May, along with the current situation in China and Indonesia that may be having an impact on the LME.
To read the full article click here